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SpaceX shares jump 8%, nearing $225 with strong options activity and Morgan Stanley $300 target.

Market News
06 Oct 2026
CNBC
View Source
Bullish
SpaceX shares jump 8%, nearing $225 with strong options activity and Morgan Stanley $300 target.

SpaceX shares surged 8% to $171, climbing nearly 50% from recent lows and reclaiming its IPO price, boosting CEO Elon Musk's net worth. Morgan Stanley reiterated a $300 price target, while the company's Falcon 9 rocket set a record delivering astronauts to the ISS in under eight hours. Options trading volume doubled with 1.7 million contracts exchanged, showing strong bullish sentiment despite lower implied volatility than at IPO debut. Market-makers see balanced risks for upside and downside moves, but traders remain optimistic about SpaceX's growth potential and its correlation with Tesla's stock momentum.

SpaceX shares trade at $172.63 on Pluang, up 0.90% as of Oct 06, 2026 18:41 WIB. The stock's market cap is $2.32 trillion, with a 52-week low of $108.27. Tesla, linked to SpaceX's momentum, is priced at $382.90, up 1.10% on the same platform and time.

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